Common use of Incidents of Sale of Notes Clause in Contracts

Incidents of Sale of Notes. Upon any sale of the Notes made either under the power of sale given under this Certificate Indenture or otherwise for the enforcement of this Certificate Indenture, the following shall be applicable: (a) Certificateholders and Certificate Trustee May Purchase Notes. Any Certificateholder, the Certificate Trustee in its individual or any other capacity or any other Person (other than the Seller) may bid for and purchase any of the Notes, and upon compliance with the terms of sale, may hold, retain, possess and dispose of such Notes in their own absolute right without further accountability.